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HOPR Genesis DAOHOPR Genesis DAOby0x673d48603B76C2C85EDaAE13161B27295Def25050x673d…2505

Community presale on xDAI + LBP + Uniswap liquidity mining V3.0

Voting ended almost 5 years agoSucceeded

60m HOPR community whitelisted (whitelist is the Genesis DAO) presale on xDAI token price $0.05: The HOPR Genesis DAO currently has about 3000 members so that would make about 20000 HOPR per person. If the cap does not get reached within 24h, set a personal cap to 40000 HOPR, after an additional 24h remove the personal cap so that the rest of the community can buy-in. In this way, the DAO could raise up to $3m DAI, a good starting capital for LBP.

20m HOPR Balancer LBP on the mainnet: this is open for anyone, does not require any KYC and starts a secondary market price finding. The proceeds from the presale start the LBP. Starting price should be at least $0.4 and then fall from there over 72h similar to PERP (if people buy, the price might also go higher). Fewer tokens on balancer higher price at the end

5m liquidity mining on Uniswap: Distributed over 3 months, this incentivizes liquidity providers not just to dump their tokens but actually keep liquidity on Uniswap.

None of these processes requires KYC, the community presale is cheap because of xDAI, and all preserves the HOPR community's privacy and allows for a fair distribution.

Off-Chain Vote

Support
27 87.1%
Reject
4 12.9%
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Timeline

Feb 09, 2021Proposal created
Feb 09, 2021Proposal vote started
Feb 28, 2021Proposal vote ended
Oct 26, 2023Proposal updated